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popping the champagne yet. david coat, the honeywell ceo who met with president obama during that business leader summit last week says that the looming fiscal cliff is already impacting his business. >> right now i'm not that bullish at all. in fact i'd say there's a great uncertainly that's just hanging over the entire economy because we're not confident that our guys can govern anymore. people like me just aren't hiring because we're not confident they can do it. >> well, the white house echoed that concern this morning. a new report says failing to act on the president's plan for middle class americans would freeze the economic recovery. obama's plan includes lower taxes on the first $250,000 earned by every american and tweaking the alternative minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook i
americans went shopping online or in stores totaling $59 billion in sales. the obama economy is booming. all right. we'll get into that and a whole lot more. but first here is the latest from lisa ferguson. good morning. >> hey bill good morning, everyone. hope you all had a happy thanksgiving and just in case you did not get enough shopping in on black friday said is siber monday when retailers will post all of their sales online. the white house is releasing a report on the impact of middle class tax cuts on consumer spending. as we know with all of this talk of the fiscal cluf tax cuts are set to spike at the beginning of next year. according to the new report allowing middle class tax rates to group, along with allowing the current tax cut to expire would change the gdp. this is all part of the president's effort to extent the burr-era tax cuts for americans making less than $250,000 a year, all while incriesing taxes on the wealthy. it seems some members of the dgdp could be coming around and be ready to go against the grover norquist pledge. more bill press aft
to be putting obama care on the table. there's no question in my mind. >> how does that make sense, michelle? >> well, it makes sense because eric cantor's team lost the election and their hopes of repealing obama care is pretty much shot. so their last chance at undermining a bill that they all hate and campaigned on repealing is to try and make it look like the only thing reasonable for the defendant to do is to throw it in the mix. of course, that's not true. they are just grasping at last straws here. >> can i make a moment on that? >> yes. go ahead. >> if i were president obama and i were sitting in that room and negotiating with these members and someone brought up -- if eric cantor brought up putting affordable care act on the table, i would be well within my rights to stand up and walk out of that room. that is absolutely ridiculous. i totally agree everything should be on the table when it comes to fiscal policy but this election was an entorsment of the affordable care act. these guys, i think, are really nuts to try to raise that as an issue in this context. >> well, the other par
their ideas after president obama met with ceos two weeks ago. a big deal should include spending cut and reforms. >> chief white house correspondent ed henry is reporting that both sides cannot agree on whether they are still talking. >> the republicans suggest fiscal talk hit impasse and demand that president obama show leadership to break it. >> we'll wait on the president and hope he can bring people together to forge a compromise. if he does, we will get there and if he doesn't, we won't. that simple. white house released a report on cyber monday warning that a deadlock would crush retailer and devastate consumer spending, white house spokesman carney pushed back on the idea that the talks are stalled, as well as that the president is not showing leadership. >> so he spent mixed signals on the white house willingness to make concessions. >> he is clear about the president's interest and willingness to compromise. but also, his clear insistence that he will not sign an extension of the bush era tax cuts for the top 2%. >> democratic lawmakers are sending mixed signals whether they
officials. secretary lahood if you could thank president obama from all of us. yes. [applause] because i know today we're going to spend a lot of precious moments thanking leader pelosi and congress women fine 79 and boxer and. >> >> we're going to thank all of our community members and from china town and all of them have worked very hard. these are not easy projects. they're very complicated and people had to work at the highest levels to make sure that every aspect worked, and a person who has worked tirelessly for 20 years and we join in celebrating 25 years of being in our congress and sought at every stage to make sure these funds were projected, to make sure we're doing our part, that congress is doing their part, all of the federal agencies, the person that first called me to share the news we're out of the white house and into the congress and wait our magical 60 to 90 days and lees give a warm welcome leader nancy pelosi. [applause] >> who is also keeping track on the giants. >> you know mr. mayor i always listen attentively to every world you say but i know you want me to sa
belief or relief that at least the election didn't end up in a situation where obama won the electoral volt but romney got the popular vote. i agree that would have been bad. it would have denied the democrat the clear mandate. the implication from the right wing seemed to have been had the republican candidate won the popular vote, there would be trouble of some undefined type. what the heck did that mean? yes, we've had to put up with this ridiculous secession petitions out there, the texas version having been signed by over 100,000 people since election day, but could the right have gone further had it been armed with a popular vote victory? there does seem to be a difference in the two parties. when al gore lost 12 years ago, he ignored his 600,000 vote victory in the popular vote. he just learned to live with the irony. republicans have carefully forgotten this bit of history, but i have real doubts those on the angry demanding right would have been so quietly o beet yebt to constitutional law. there's something out there on the right right now that is still uneasy w
out of the cincinnati, toure. the real negotiations are going to happen between president obama and house speaker john boehner. it's a lot different animal than the senate gop conference. so that's the sort of bad news. while we hear a lot of this going forward and it seems to be pos tish, when you get down to the nitty-gritty and aides and those chose to president obama, there's not been a lot of movement on the taxive of what to do. republicans don't want to touch that. democrats want that. they feel they have a mandate from the election. that is the issue we said is going to be the linchpin for the last three months. it continues to be there. there is no movement on that. and until there's movement on how to come up with that type of revenue, 250 and above, we're going to keep having the same conversation about ongoing negotiations, talking points from both sides. >> luke russert getting down to the nitty-gritty. stephanie, let's get down to the markets. they put our chances of going over the cliff at about 5%. so why is the market freaking out? >> you know the market always
-duck session. president obama spoke to harry reid over the phone about the fiscal cliff over the weekend. the white house is making it clear today that the president won't sign a bill that extends tax cuts for those earning $250,000 a year in social security. it will not be part of the fiscal cliff. so we are going to talk about the compromise. we have a congress and to talk about this with us. >> and you for having me cheryl: or a little bill? >> we were waiting and hoping to compromise with its administration. but they they would just never come to the table. >> these democrats want to continue spending on social programs, republicans don't want tax cuts to be touched. you think we can have compromise from both sides on each of these issues? the rhetoric that we are hearing on a television screen is pretty negative. >> he did say that we want and the republicans will reach out to less. cheryl: after the last election, the november election, it was a referendum on many republicans. some of them walked away and said, okay, we did not get the senate back, we are moving forward. our republ
obama. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: a still tentative american economy looked online today, as digital deals were to be had, and holiday shoppers lit up web sites. retailers had high hopes that cyber monday sales would add to what's been a strong start so far. >> if all goes as expected, today will end up being the busiest online david year, with major bargains and steep discountses just a click away. >> every year we see more and more consumers shopping is online, both the younger computer born with a computer in their crib, and the elder generation is now also
in town. >> the senate has spoken and president obama has spoken. he's promised he will not sign any bill to pay for handouts to the wealthiest 2% of americans. i only hope house republicans have been listening. >> we've been responsible even as we've remained firm on this point, no tax increases now for promised spending cut that is won't materialize later. the american people have seen that game before and they won't be fooled again. >> reporter: over at the white house, the talk of breaking the no tax increase pledge got a positive response. >> some of the comments you mentioned are welcome and they represent what we hope is a difference in tone and approach to these problems. >> bottom line, as we always say, talks continue here in washington. the white house says the president did speak with speaker boehner and senator reid over the weekend to touch base on this very issue. as one republican aide put it to cnn, the fact that they are still talking is progress. but a democratic aide said they don't have staff had you hadling in a room going over spreadsheets which is where they need t
in part by politico.com. >> president obama asked me to come to israel with a very clear message, america's commitment to israel's security is rock solid and unwavering. >> this week on "inside washington" hillary clinton is on the case. >> i want to welcome secretary clinton once again to jerusalem. >> back home, racing toward the fiscal cliff. >> to show our seriousness, which would revenue on the table. >> presidential politics. >> forget about it. >> he is smart and the kind of leader we need for future of our country. >> it really is the nation's laws, losing david patraeus. >> personally, this is a heartbreak. >> full disclosure, we are putting this program together the day before thanksgiving and we come to you with the fervent hope that events will not overcome us. on this day, or families come first, like yours. let's start with the bloody conflict between israel and hamas in the middle east. israel's critics say they're doing more than defending themselves. there was a meeting to come up with a diplomatic solution. >> the goal must be a durable outcome that advances the security
obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll here from representative gregory meeks this morning as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore iypÑarlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this morning to disburse protesters in cairo. i want to start there. we have "new york times" columnist dav
more about what each side is kill willing to concede in this argument president obama meets with leaders later in the week. this morning we'll meet with house majority leader eric cantor live in "america's newsroom.". next hour we talk to him where these negotiations are. how much each side is willing to give up and what they want in return. ultimately will they get a deal? eric cantor coming up next hour. martha: it is all in the language and semantics of these discussions. as u.s. lawmakers continue all this wrangling over some kind of budget deal we work towards here at home, european lawmakers are meeting today on their financial crisis, a lot of which presented the picture americans would like to avoid. ministers from 17 countries will get together. they try to hammer out a plan that will prevent greece from going bankrupt. they have been trying to agree on a new solution there for weeks. >>> also overseas this morning there are major developments to tell you about in egypt. new protests breaking out after egyptian president mohammed morsi announced far-reaching powers
. there is some republicans willing to raise taxes on the american people so obama can spend more of their money. they are kind of turning in last year's homework again. connell: what would you say to another republican who is watching. whether it is lindsey graham, peter king, john mccain, on and on, similar comment over the weekend. if another republican is watching that, what would you say to them if they areethinking about breaking this pledge? >> let's distinguish with what boehner have said. i certainly agree, if the economy grew at 4% instead of 2% for the next decade, the federal government would net an additional $5 trillion. you could pay all of obama's death down. connell: that is not what he is talking about. >> okay. i am sorry. what he said is what i said. what obama claims he said is a separate matter. boehner was very clear. obama said, oh, you have agreed to tax increases. the talks collapsed because obama misstated. connell: what you say to republicans who are thinking about breaking the pledge? >> look, most republicans have signed the pledge. even the ones who have not have m
government in egypt. this all presenting a serious challenge for both the united states, and the obama administration. and, new obstacles in creating a genuine israeli-palestinian peace process. we'll take all of that up here tonight, with admiral james lyons, retired commander of the u.s. pacific fleet and also, president obama wants more in the $1.5 trillion in tax hikes, but he has no plan -- or announced cuts in spending, why those tax hikes don't add up to anything meaningful an we'll talk with the ceo of cke restaurants, andy puzder and says, tax rates will stifle economic growth and our favorite doctors are here, to psychoanalyze the scandal that brought down the head of the cia. we are delighted to be joined, now, by the admiral james lyons, retired commanr of the u.s. pacific fleet. it is always good to have you with us. thanks for being here. >> nice to be back with you, lou. >> lou: let's turn, to first, the talking points. which, it seems that no one after general petraeus made it clear there had been changes in those talking points, the testimony before congress has been s
. the hope, that the coalition that put president obama back in office will help him ramp up the pressure on congress to make a deal. joining me now, chris van hollen and also a member of the house budget committee, congressman, good morning to you, sir. >> good morning, craig. great to be with you. >> the national journal reporting that the president could hold events related to the cliff this week. what are you hearing? >> well, i think that's right. i don't think anything has been settled. there have been on going conversations, but obviously the discussion will heat up this week now that the thanksgiving is behind us. >> what does the white house hope to accomplish with these types of events? >> well, look, this was not a side issue in the campaign. throughout the last presidential campaign the president made very clear that his number one focus was jobs and the economy and also having a long-term plan to reduce the deficit in a balanced way and that means in addition to cuts you would also have revenue, revenue that you get by asking higher income earners to pay a little bit more to
have been frustrated with the g.o.p.'s sticking to the pledge and now, president obama won a second term, it is very important that any deal they sign off on would break part of the pledge. i don't think the democrats will sign off on anything that doesn't at least violate some position of the pledge. >>neil: do you get a sense that there is something more going on that either they are trying to take on grover norquist himself, a point i will raise with grover when he comes on, or is this a little pore involved than at face value it appears? >>guest: i do think they are trying to put distance between themselves and grover and of course grover will say, the tax pledge is not to me but to the constituents and some of the senators have to wash out because chambliss and graham could face a primary challenge and grover will speak out if they do violate the tax pledge which haiti been broken yet but the question is, will it be broken by the end of december? >>neil: we will watch closely. always a pleasure. everyone has been talking about it and we thought we would talk to it now the storm
and savior, barack obama. >> eric: not even that savior. 36 days going over the fiscal cliff. you should know what is at stake if partisans don't figure out a way soon. bush tax cut goes away and that alone would drive taxup fo. the patches will die as well. so add in the failure of the super committee and sequestered $1.2 trillion. spending cuts of $600 billion in defense. why are we here? you can't blame revenues. americans forked over $2.3 trillion in taxes and fees last year. the taxaholics are stone cold drunk on our spending. spending is out of control. mr. president, waiting for you to stand up and show leadership. bob, haven't heard a thing. crickets. >> eric: i think you heard things. there is movement going on here. >> bob: i'm glad they're breaking away from norquist and say there is a need for revenue. i think whether that comes in form of limiting deductions to $50,000 for people making over $250,000 or -- >> eric: i can say. we will get to all of that. we'll get to the deals that may go on. where is obama's deal or his idea? his proposed, i don't know. the medicare, medicaid, re
news is that the obama administration did an excellent job of supporting israel all through this. made israel feel moderate and the arabs feel realistic. the second piece of good news is that egypt, even under the muslim brotherhood, has an interest in having stability. that's very important. the bad news is the islamists are in control. in the palestinian areas with hamas and certainly in control in egypt. and there's going to be no peace as long as they are there in control, and u.s. policy has got to be a long, gradual process of trying to build up the non-islamists in the arab world, including in iran, across the region. >> that frames it. we'll hear more from you in the roundtable. >>> now let me turn to carl levin, chairman of course of the armed services committee in the senate. senator, to egypt. how concerned are you? is morsi a partner of the united states, or a problem? >> yes. >> he's both? >> some of both, yeah. but even though there's great concern, i think we have to be very cautious. we don't obviously want to see a democratically elected autocrat take the place of an u
. keep us updated. well the move by morsi came immediate after president obama publicly praised morsi for his role in brokering the truce between israel and hamas militants. so what is this guy morsery really up to? he goes in. sweeps into hamas. he will be the savior. will help broker a peace deal, meanwhile with the other hand back in egypt he is guilty of a huge power grab that makes him awful lot like a dictator in what was supposed to be a more democratic egypt. so what happens now with the country we currently support with almost $2 billion in foreign aid? ambassador john bolton was one of the very first to warn, be careful what you wish for when the arab spring drove morsi's predecessor, mubarak, from power. that guy was basically a dictator too but he was a pro-western dictator. now there is a question whether we have upgraded and whether the egyptian people have. we'll ask ambassador bolton what he thinks. >>> in washington we're hearing new concerns over the fate of the recently ramped up budget talks in washington and what they're talking about is your money and how much th
of the financial crisis in january 2009 is the first major departure for president obama's team of financial regulators. the sec has taken a beating in recent years accused of lacked oversight. there was the bernie madoff ponzi scheme scandal. president obama announced walter will replace shapiro. appointed to the sec by george w. bush in 2008, has worked in the cftc. talks of the fiscal cliff trudging along, president obama and house speaker john boehner talking on the phone saturday. are we any closer to a deal? and it is a bird, it is a plane. nope. it is your social security number, it turns out more than just balloons in the sky at this year's macy's thanksgiving day parade. the crazy details of this one just ahead. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. ♪ [ male announcer ] they are a glowing example of what it m
to the table with entitlement reform. president obama privately indicated he is willing to stick his neck out and durbin willing to do that and will nor liberal democrats come to the table with entitlement reform. we'll see if that is a bigger dynamic that changes this week. >> what is the danger i guess is one question because there are democrats like patty murray saying it isn't a cliff, it is a slope. >> the danger is a massive sudden drop in government spending and even if you hate government spending, spending does keep the economy going and when you cut that much spending all at once abruptly you create a shock to the economy and that is dangerous and there are economists that say it could send us into recession again. >> it is not going to happen immediately on january 1st is their point. >> the alternative perspective is if you believe in preserving entitlements, social security, an eventual deal, a real deal, how much different would it really look from what is on the table with the fiscal cliff? >> that's a good question. let me read to you what congressman peter difazoo told politi
agenda. it can't be just being against the democrats and against harry reid and against obama. you have to be for things. we have to give them the contract with america that we gave them some years ago. we have to give them something to be for. young women, i don't think anybody like me i can state my position on abortion, but to -- other than that, leave the issue alone. when we're in the kind of economic situation and frankly national security situation we're? >> chris: you would say freedom of choice? >> i would allow people to have those opinions and respect those opinions. i'm proud of my pro-life position and record but if someone disagrees with me, i respect your views. >> chris: nor -- senator mccain. thank you for being here today. >> 'tis the season to shop and spend. will the coming fiscal cliff put a damper on consumers and investments? >> chris: for all of you who survived black friday, here's something new to worry about. christmas is one month from today. a week after that, if nothing gets done here in washington, we all go over the fiscal cliff. what does that mean for s
obama to be more clear and forceful in the things he cared about and less inconsistent? they wanted to see structure. part of confucianism is the king is the king, the minister is the minister, the father is the father, the son is the son, and many have government. and have everyone in his or her place. within the region and the world. as china looks at it since of harmony, japan would be -- how you achieve it, their frustration is the world is not just acquiescing to the notion they are a rich country, that there are returning, that there are powerful and what respect. they want this to the world kind of step back and give it greater latitude. but doesn't -- this is what i think i personally think we're on a collision course. when you look at what china's expectations of the world are, you also look at its paranoia and mercantilism. jim, you're such an expert in cyber. i would like to see what is going on in the cyberworld. it seems hard to me, despite our best efforts in not wanting to replace history, that the rise of a great power usually and often used to conflict. -- leads to
an international agenda dominated by, what else, the tumult in the middle east. it has put president obama and secretary clinton in a familiar bind. u.s. dependency on egypt is stabilizing force means the administration may be forced to look the other way when it comes to domestic abuses of power in that country. within days of acting as a helpful partner and forging the fragile peace between hamas and israel. mohamed morsi has taken advantage perhaps of u.s. support and solidified his own power exempting himself from judicial review until a new constitution is ratified. a process he has extended by two months. he dismissed the country's tern general. more than 500 people injured in four days of clashes between police and protesters who have set up tents in cairo's tahrir square and attack the offices of president mohamed morsi's freedom and justice party, the political wing of the muslim brotherhood. riot police in this video were caught brutally beating and dragging away several pr protesters. on sunday egypt's stock market lost nearly $9 billion or 10% of its value. the nation's judges
of power. >> brian: senator mccain says hey, obama, you got to condemn this guy. listen. >> this is not what the united states of america taxpayers expect and our dollars will be directly related to the progress towards democracy, which you promised the people of egypt when your party and you were elected president. stop. stop renown the statement and the move that he just made. allow the judiciary to function. if the judiciary is flawed in some way, then that is an illness that can be cured over time of the but absolutely to assume this kind of power is unacceptable to the united states of america. and then we can outline what actions might be taken. but first condemn it. >> brian: morsi's quote, god made me captain of the ship. >> steve: al he was referred to as the new pharaoh. an hour ago, the white house released a statement if the congress fails to extend the tax cuts. >> i'm holding the report in my hand. president obama recently stated the middle class should not be held hostage while congress debates tax cuts for the wealthy. he wants congress to agree on keepin
you serve grover norquist? host: are your republican? caller: i am, but i did support president obama in the election, because i could not vote for romney. i was a supporter of ron paul. unfortunately he was not the chosen candidate, and he was on your program not long ago and he spoke about social welfare. we have corporate welfare then he pointed out that is far worse than supporting the seniors or the welfare recipients. this is something that needs to be addressed, corporate welfare, which is far worse. that is what we have to stop. i hope the republican party got the message loud and clear, because the way they are presenting themselves, whether it comes to abortion or financial stuff, it's not good. thank you very much. host: this on twitter, if republicans give a dollar on taxes, they need to get $3 back in entitlements. senator seitz a chambliss came out last week against the grover norquist pledge. he told a local television station is not a word about the potential primary challenge is to be pledged to raise taxes. he says it cares more about the country than a 20-year-old p
't be just being against the democrats. and against harry reid and against obama. you have to be for things, and we have to give them something like the contract with america, that we gave them some years ago. we have to give them something to be for. and as far as young women are concerned, absolutely. i don't think anybody like me, i can state my position on abortion, but, to -- other than that, leave the issue alone. when we are in the kind of economic situation and, frankly, national security situation we're in. >> chris: when you say leave the issue alone, you would allow, you say, freedom of choice? >> i would allow people to have those popinions and rec those opinions and i'm proud of my pro-life position and record and if someone disagrees with me, i respect your views. >> chris: senator mccain, thank you as always for coming in today, you will have a busy final weeks here in 2012. >> we certainly will. thank you, sir. >> chris: thank you. up next 'tis the season to shop and spend, but the upcoming fiscal clip put a damper on consumers and investors? ♪ we're sitting on a bunch of
if obama wants to nominate her can only go so far until something else happens. what senator mccain said two weeks ago is i think he wants an apology from her. that's the word he used. i don't know if he would get that because the administration says there's nothing to apologize for when it comes to ambassador rice. but, yes, change of tone, maybe a change of what his position will be when and if she's nominated. >> john, if i can finish with you, john, do you think that in light of what happened, the attacks on susan rice and now this apparent retreat, do you think that strengthened the president's desire, if it is there, for her to become secretary of state? >> look, i think the president's desire to nominate susan rice was made very clear, if, indeed, thaes what he wants to do, was made very clear at the press conference he had last week or so where he gave a full-throated defense of her and said to both senators john mccain and lindsey graham, don't go after her. if you have an issue with someone, come after me. and so that's the clearest indication yet that susan rice is probably at
: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key is whether or not the republicans will move away from the id logically rigid tradition which was the grove pledge that they will not go for additional revenue. >> reporter: for the first time the antitax pledge seems to be negotiable. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid the coming grief and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >> i would be very much opposed to raising tax rates, but i believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> we have to raise additional re
-called fiscal cliff. president obama expressing optimism they can come up with a deal to prevent automatic spending cuts and expiring tax breaks just into fox, the white house spokesman, jake carney, reports president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the crisis and the european debt crisis sent stocks down but not precipitously but down. we are seeing signs of progress in washington, dc, with rare bipartisan consensus on raising taxes on the wealthy but they remain at odds over the specifics. in other words, exactly highway do you do it. and mike emanuel is live on capitol hill. the white house is expressing putting pressure on congress. >>reporter: a report on the impact if the bush tax cuts are not extended. the study says the typical middle class family will see taxes go up by $2,200 next year affecting businesses and retailers. the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries,
at their jobs who are the most respected people you can work with. as we enter a second term for president obama, jim and so many other alumni will continue to play a critical role in helping guide the of ministration cost defense and foreign policy. with the election behind us, washington is turning its attention to the unfinished business, particularly the unfinished business of the current congress, including how to avoid falling off the fiscal cliff, how to prevent it from happening, and the impact not as on the fence of the discretionary budget as well, and for our purposes, hopefully they will also take the time to pass a defense authorization in order to be able to set some important policy guidance we need as we go into this next year. the hope is these issues can be resolved before congress adjourns, and we are all hopeful the leadership will be able to come together to find a way to resolve these issues. these are tough decisions. i know how tough they are, but they can do it. it will take some risks, but that is part of the game. you have to take risks to do the right thing, and i hop
a lot of money, and so did personal friend of the obama campaign, donald trump. >> this is not going to help, people. >> slash the 'stache. >> donald trump came up big for them as well. so we're very close to $1 million right now. >> how much do you think people will pay aaron rodgers to slash the 'stache? >> there is one caveat to this. >> what is that? >> the mustache thing this month is to raise awareness for men's issues like testicular cancer, prostate cancer. >> oh, it is? >> like aaron rodgers. so there's a reason some of them are wearing them. >> oh, really? >> yeah. there's some element of that. but a lot of them now keep them a little past due, i would say. >> yeah. seriously. >> all right. can we go to news? >> testicular cancer, if i take the mustaches off, take it off. take those off. they're horrible. >>> so a lot of stuff going on this weekend. >> yes. congress, though, heads back to washington this week with just over a month left to reach a deal avoiding the so-called fiscal cliff. but there are new signs that lawmakers may be willing to compromise. a growing number
. >> the case is submitted. >> the supreme court has revived a christian challenge to president barack obama's told care overhaul with the acquiescence of the obama administration. the court ordered the federal appeals court in richmond virginia to consider the claim by liberty university in lynchburg virginia that obama's healthcare law violates the school's religious freedom. a federal district judge rejected the claims and the fourth u.s. circuit court of appeals or read the lawsuit was premature and never dealt with the substance in the school's argument. the supreme court upheld the health care law in june. also today the court announced its leaving in place the corruption conviction of a former louisiana congressman who had many in his freezer. justices rejected without comment an appeal by the former representative william jefferson serving a 13 year term in federal prison. he was convicted in 2009 after fbi agents investigating obligation from corruption found $90,000 in cash hidden in jefferson's freezer. a federal appeals court upheld all but one of the 11 accounts on which the jur
against short-range rockets. the promise from president obama for more money for more missile defense against the longer range missiles. they already have patriots there, but obviously some more long-range protection as well. what is iran's read now, seeing that morsi and the islamist party has been the guarantor of this cease-fire? does that create more leverage for egypt and less for iran as the mentor to hamas and gaza? >> well, it does give egypt some influence with hamas. they, of course, have the same muslim brotherhood roots. on the other hand, this has been an opportunity for iran, because iran in some sense has been the arming agent of hamas in the same way they have been the arming agent of hezbollah. and it is also viewed by many as proof that israel only makes concessions in the face of threats of violence, which is very much out of the iranian playing book rather than the playbook of fatah or western countries who would like to see a two-state solution achieved through diplomacy rather than threat of violence. >> do you see the united states and iran getting involved in b
is called showdown the inside story hal obama's fought back. is the showdown referring to any specific incident or politics in general? >> both. it is behind the scenes account what happened in the white house after the 2010 election. when the republicans and tea party knocked barack obama for a loop taking control of the house. the tax cut deal, fights over the budget, the debt ceiling, deficit reduction, egypt, libya, and how obama's made the decision and took the actions he to go up but to explain how this is done to set up the 2012 campaign. he had a theory he could make the 2012 race a choice between different approaches to government and everything he did he tried to temper temper -- to other at to a choice. we did not know how things would end up on 2012 but i looked at his governing and elected strategy and it culminated. this is the back story of what happened in the presidential campaign. >> host: david corn. showdown is his most recent book that the national press club >> host: professor, we are here to talk about your book indispensable. i want to say this is a delightful b
are meeting again. in a sign of the slow pace, senior administration official said president obama and congressional leaders are not expected to reconvene this week. this is so the staff of both sides can continue to organize and work through the differences. and what is not a surprise at all, mr. obama instead will probably hit the road this week to give speeches. >> xwitner is supposed to be coming up with the details. >> aides said mr. obama will hit the road to mobilize public support. just like the last, same speeches over and over. >> you saw warren buffett this morning. >> some interesting points. he had an alternative minimum tax he had been talking about for the really wealthy. >> 30% or something. >> anybody from 1 to $10 million. also talked a little bit about raising the -- >> same thing he's been saying all along. >> he added that when it comes to who should be paying the higher taxes, he wants the threshold to be $500,000. >> and you see steven rattner on on talking about capital gains, deductions and things you've talked about a lot. >> time for the global markets re
what they have been privately saying helps the american people understand where obama's in trend and comes from but nothing has changed. >> the issue is in the fiscal cliff discussion democrats appear willing to put entitlements and spending on the table. republicans sang they're willing to do tax revenue and that could be or would be the key to any agreement to avoid the fiscal cliff and get the country's books back in order. gerri: you will be covering this for a long time. thanks for that. this black friday wal-mart shoppers think protests, it is not a superstore workers on the picket line. jeff flock joins us with more. jeff: a few of them but the majority were not wal-mart workers but members of other unions like the teamsters, the uaw, it was built today as a demonstration against the notion of working on thursday on thanksgiving. the day before black friday. but the protest when it came down to it wasn't so much about that. was against walmart's practice of paying minimum-wage, not giving workers enough money in their view and about work rules. that is what the actual prot
i think about it is we can remember barack obama's speech in 2004, this -- the democratic national convention, a dazzling rhetorical masterpiece making him a national figure, and four years later, was without that speech, he's not a candidate for the presidency. lincoln gives a dazzling speech in new york, the cooper union speech. it is a beautiful testament to the quality of lincoln's minute, the research he does, the logical argument. it's a great speech. well worthy of praise, but when he ran for the senate, when barack obama gave a speech in 2004, he was running for the senate in illinois and won. lincoln ran for the senate in illinois, and he lost. did you want to think about lincoln in 1860, think about barack obama running for the presidency in 2008, if he had lost the illinois senate election, not if he had won it. that's the level of national obscurity we are talking about here. the election itself, the republican national committee, votes to put the republican convention in chicago in 1860. lincoln's from illinois, huge hometown advantage for lincoln, but the reason the c
leaders expect another face to face meeting with president obama as soon as this week. >> republican senator john mccain backed off from fiery criticism of susan rice about the 9/11 attack against the u.s. diplomatic post in benghazi libya. >> i think she deserves the ability to explain herself and her position just as she said. but she's not the problem. the problem is the president of the united states who on -- in a debate with mitt romney said that he had said it was a terrorist attack, he hadn 't. >> rice has maintained she based her statements on protesters on cia intelligence available at the time. four americans including u.s. ambassador to libya chris stevens were killed. >>> police are making progress in recovering some 2 million donations made to the salvation early. police in toronto said earlier in the year they discovered a person had made off with donations of toys and good. tips led them to a trailer where they found toys and food. >> officers did find toys, personal items as well. items that were donated to the salvation army. >> the salvation army believes that the
to be the biggest driver of our deficits. >> reporter: mr. obama has insisted that in any deal, tax rates on the wealthy must rise. but a top democrat signaled openness to the republican stance. revenue can be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the country's stock market into a freefall. our reporter is in cairo with the very latest. ayman, good morning. >> reporter: good morning. egypt's stock market opened for a second straight day, and it plunged already by 4%. now, that's already a day after it lost 10%, and officials there had to stop trading just to prevent it from declinin
. president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >
, they tried last year to make obama look bad with these situations. it didn't help. he got re-elected. time to move on. >> just a last question. i know we've heard from two prominent senators, republican senators who said they're willing to bend on this pledge. we did hear from peter king, a congressman. no many house members are running to the microphones to renounce grover norquist's tax pledge. isn't that where we're going to have the most trouble, will? >> yeah. you definitely have the most trouble in the house of representatives. look, republicans are still dedicated to a low tax principle. they still want to achieve that. the problem is i used to own businesses, carol. i used to buy and sell newspapers. i didn't get to tidictate the price. >> i think you in your passionate hand gesture you knocked your microphone off. >> did i really? you just missed genius. you missed genius. >> i was so eager to hear what you were saying. >> i've got to quit gesticulating so much. >> you're not even -- >> will cain, jason johnson, thanks so much for being with us. >> thank you. >>> actor morgan free
national cable satellite corp. 2012] >> as negotiations continue between president obama and congressional leaders, the focus on the fiscal cliff, going back to august 2011 to look at how we got here. some of the debate and is conferences relating to the passage of the budget control act treating the spending cuts beginning tonight at 8:00 p.m. eastern here on c-span. also tonight at 8:00 on c-span2, "the communicators." the effect federal emergencies have on communications. among our guests for the president of regulatory affairs of the wireless association and and the congressman from the commerce committee. >> are 16 or 17 basis, we have military-run in schools. the average cost to run them per year is $50,000 per student. almost four times what the rest of public education costs. the vast majority of our bases, we use public schools. we could take the money we're spending today, pay every school system $14,000 per child and save billions of dollars per year. with the same or better outcomes. >> this weekend, talking with oklahoma senator tom coburn about the fiscal cliff, affordable ca
% say president obama, 15% say both. now as congress returns here to washington, the white house coming out with a new report saying that if those bush-era tax cuts are not extended to middle-class americans, consumer spending over 2013 will drop by nearly $200 billion. this is an ongoing effort by this white house to help the middle class, and to ensure that wealthy americans pay a little bit more. soledad? >> dan lothian at the white house for us. thank you, dan. a lot happening in the middle east. overnight we learn that israel's defense minister, ehud barak is resigning his post. that's effective come january. that development comes as delegations for both israel and hamas meet in cairo today. they're meeting with egyptian officials to try to advance those cease-fire talks. and egypt's president mohamed morsi will meet today with judges to explain his edict barring them from overturning any decision that he makes or any laws that he imposes until a new parliament is formed. reza sayah is in cairo this morning. let's start with mohamed morsi, please. >> yeah, good morning, soledad. a
vocal critics, like senator john mccain are turning up the heat on president obama and the state department. >> the problem is the president of the united states in a debate with mitt romney said that he had said it was a terrorist attack. he hadn't. jon: chief intelligence correspondent catherine herridge is live in washington. she has more on all of this. so this shift in focus to the state department, what are we learning about that, catherine? report thank you, jon, and good morning. we may learn early as this week when secretary of state hillary clinton will testify on capitol hill about the warnings and intelligence leading up to the 9/11 attack on the consulate. on sunday talk shows leading republicans pointed to what they believe is the culpability of clinton's state department. >> why weren't the warnings about the need for security heeded? why weren't the requests for help during the terrorist attack answered? and why did the administration think it had to cover up all of the things that occurred before by putting out to the american people a narrative that i think will
. the election's over. president obama won. >>> it's a big weekend for shopping. it isn't over yet. today is cyber monday. the biggest day for online sales. >> shoppers are expected to spend $1 billion 1/2 today. >> and some like to shop in bunny slippers. >> and fret mohammed morsi granting himself extra powers. >> sending the country's stock market into free fall. >> buy a ticket for this wednesday's powerball lottery, you could win in the megaball. >> bradshaw with the touchdown. >> giants tommenate. >> officially a time-out. >> cheerleaders shave their head to support the coach diagnosed with leukemia. >> and all that matters -- >> suddenly changes into the -- 6. >> anybody want to top that now? >>> on cbs "this morning." >>> the rolling stones marked their 50th anniversary with a concert in london and head to the united states next month. ♪ hey, you, get out of my path ♪ you know when i'm going, out of my path ♪ captioning funded by cbs >>> welcome to cbs increases and automatic spending cuts that would start in january. >>> this morning there are ne
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